Never before have so many people been raising their voices for climate action. Ambitious climate action is integral to the successful implementation of all 17 of the Sustainable Development Goals as well as the Paris Agreement.
This is even more demanding if we take into consideration that every half degree of global heating makes a world of difference, according to a report by the Intergovernmental Panel on Climate Change (IPCC) demonstrated the difference between a 2°C and 1.5°C increase of global temperature.
This gives us the responsibility to successfully limit the worst impacts of climate change, focusing not only on mitigation but on resilience and adaptation as well.
For that is required innovation, tools, and expertise to rise to the challenge. But most of all, what is needed is courageous leadership.
We all can lead the actions required to face Climate Change challenges.
Organisations represent a major part of that leading role, too.
Already, over 2,400 companies and 350 investors have committed to advancing the Paris Agreement through a range of actions including carbon pricing; setting science-based targets; sourcing 100% renewable energy; and integrating climate-related financial disclosures into the heart of the corporate strategy. However, despite this increasing business engagement, the pace of action and investments is far from meeting the 1.5°C goal.
That is why the UN Global Compact, together with a broad coalition of more than 25 other business, civil society, and UN leaders, launched a global campaign calling on business leaders to step up their climate ambitions by setting science-based targets aligned with limiting global temperature rise to 1.5°C above pre-industrial levels.
Frontrunners are already proving that a 1.5°C-compliant business model is possible, and there is evidence that these companies will be best-placed to thrive in the economies of tomorrow.
But to send powerful signals to consumers, investors, and governments, we need more high-emitting businesses to join the movement. Only then can we reach a positive tipping point where 1.5°C-aligned corporate strategies are the new normal for businesses and their supply chains around the world.
So business leaders: join the movement and join it now.
Our only future depends on all of us collectively scaling up our climate actions and ambitions, and business leaders have the opportunity to lead the way by committing to a 1.5ºC campaign.
What does the 1.5°C commitment entail?
Those business leaders who sign on confirming that within the next months, their company intends to calibrate decarbonisation plans with the ambition required to limit warming to 1.5°C through one or both of the following options:
- Option 1: 1.5°C science-based targets By aligning greenhouse gas emission reduction targets, across all relevant scopes, with 1.5°C emissions scenarios.
- Option 2: Net-zero commitment By setting a public goal to reach net-zero emissions by no later than 2050 in line with 1.5°C scenarios and interim quantitative targets, consistent with this ambition, and in line with the criteria and recommendations of the Science-Based Targets initiative.
Companies joining the campaign are expected to formally commit, if they have not already done so, to set science-based targets through the Science Based Targets initiative (SBTi), and to subsequently submit their targets for validation by the SBTi.
Why should businesses take action for 1.5°C?
Leading companies are already proving that 1.5°C-compliant business models are possible, and there is evidence that these companies will be best-placed to thrive as the global economy undergoes a just transition to a net-zero future by 2050. The 1.5°C campaign is also an opportunity for businesses to demonstrate leadership in their sector and work with governments to accelerate climate action.
See the full list of business leaders who have joined the 1.5°C campaign by scanning the code below.
The 1.5°C business leader has to rethink and expand what business is all about — and do it fast.
Solving climate change needs a fundamental mindset change — rethinking and expanding what it takes to do sustainable business.
According to a 2019 survey conducted by the UN Global Compact, 85% of global CEOs claim that they are personally committed to ensuring that their company is a sustainability leader. But now follows the difficult part: turning awareness and commitments into business reality. That seems to be another ball game, according to the UN Global Compact survey. Only 32% of the CEOs indicate their company has or plans to set, corporate goals that are sufficiently ambitious, science-based, and aligned with the needs of society.
The survey also reveals that while 71% recognise the critical role that business could play in contributing to the delivery of the Sustainable Development Goals, a mere 21% believe that business is playing that role, as we had the opportunity yo talk in our article: Are the Sustainable Development Goals pushing organisations to become more conscious?
These and other supporting figures confirm why true and credible 1.5°C business leadership calls for new mindsets and new business models.
You can count on us with that.
We are here to help you as a leader to become a 1.5 leader and play a key role in today’s emerging sustainable business landscape, fostering economic decarbonisation, and climate-resilience.
Continue to follow our link in the page and visit us at www.amarnavida.com
Happy to help your organisation become more conscious.
Founder and Managing Director
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